Dollar Strengthens Amid US-Iran Conflict, Brent Crude Surpasses $90
The U.S. dollar strengthened against major currencies as tensions between the U.S. and Iran escalated, leading to a rise in oil prices. Brent crude futures increased by 3.3%, reaching over $90 per barrel, following U.S. military actions against Iran. The dollar's rise is attributed to investors seeking safe-haven assets amid geopolitical instability. The Federal Reserve is expected to maintain interest rates at its upcoming meeting, with a high probability of no change, despite ongoing discussions about potential rate hikes to combat inflation.